What: Dentsu Aegis Network has acquired Brazil's leading Out-of-Home agency "OOH Plus" and at the same time is introducing its Out of Home Agency Posterscope panregionally in Latin America. Why it matters: The OOH Plusacquisition will significantly increase Dentsu Aegis Network’s brand presence in Brazil. Posterscope's LatAm expansion underlines the interest of global player in the Latin American Out of Home Media opportunity.

Dentsu Aegis Network announced the acquisition of Brazil’s leading Out-of-Home agency group, OOH Plus, and the launch of Posterscope in Latin America.

Post-acquisition, OOH Plus will operate as the Latin American arm of Posterscope, a leading Out-of-Home Communications agency and one of Dentsu Aegis’eight network brands. The Latin American arm of Posterscope will be called Plusmedia Posterscope.

Plusmedia Posterscope will continue to operate under the successful leadership team of founders Marco Antonio de Souza, CEO, and Omar Sahyoun, CFO, who will report into Abel Reis, CEO, Dentsu Aegis Network Brazil.

Headquartered in Sao Paulo and Rio de Janeiro with five offices and a staff of 60 staff employees across Brazil, OOH Plus was founded in 2010 as the holding company for Plusmedia, OOH Media and 2S Producoes. Providing creativity, media planning, production and lay-out services to leading blue-chip companies, Plusmedia, OOH Media and 2S Producoes were founded in 1995, 2005 and 2007 respectively. Immediately prior to closing, the companies were merged into Plusmedia, the unit that was subsequently acquired by Dentsu Aegis Network.

"I am delighted to welcome OOH Plus to the Posterscope network. We have wanted to have a presence in the Latin American market for some time, and believe we have found the right team who share our vision and passion for great Out-of-Home solutions. The growth of digital OOH and the importance of mobile will provide us with opportunities to pioneer and transform Out-of-Home in Brazil for our clients," said Annie Rickard, Posterscope CEO.

"For Dentsu Aegis Network Brazil, launching Posterscope, a global network brand of the group, is a direct result of the growth of our local operation and confirmation of the vitality of the Brazilian market. OOH Plus, a pioneer in out-of-home media, is a strategic acquisition that strengthens our presence across all media and platforms and will provide a convergence of solutions to our clients," said Abel Reis, CEO of Dentsu Aegis Network Brazil.

"Joining Dentsu Aegis Network is the result of our consistent growth since the founding of Plusmedia in 1995, demonstrated by our portfolio, our outstanding work for large advertisers, and, in recent years, our consolidated performance and leadership in out-of-home media. Being part of Posterscope enhances the intelligence and latest tools in our offer and contributes to the success of our clients’ businesses, as well as the Brazilian market," explains Marco Antonio de Souza, CEO, Plusmedia Posterscope.

Dentsu Aegis Network continues to strengthen its full-service footprint in Brazil, adding further expertise to an established network of brands including Isobar, LOV, Dentsu Brazil, NBS, mcgarrybowen, iProspect, Amnet and Copernicus. This acquisition will significantly increase Dentsu Aegis Network’s brand presence locally and will grow the Brazilian team to more than 1400 professionals and more than 100 clients.

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